The global labeler market size was USD 36.58 Billion in 2021 and is expected to register a revenue CAGR of 4.8% over the forecast period, according to the latest report by Reports and Data. Rising manufacturers’ requirement for brand recognition is the key factor driving market revenue growth. Brand labels provide information about the brand, grade labels describe the features and quality of the product, and descriptive labels describe its purposes. This information helps consumers distinguish between the many products available on the market, which in turn makes it easier for them to make decisions during the purchasing process which is driving revenue growth of the labeler market.
Rising demand for labeling machines in packaging industries to attach printed labels on containers, vials, ampoules, bottles, and other packaging materials to package completed goods is another factor driving market revenue growth. Packaging industries of chemical, cosmetic, food and beverage, agricultural, electrical, pharmaceutical, and others all use labeling machines. The machines’ advanced labeling capabilities and full autonomy make packing tasks quick, organized, skilled, and hygienic, which in turn is increasing market revenue growth.
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Top Lading Players: Markem-Imaje, a Dover Company, Videojet Technologies, Inc., Weber Packaging Solutions, ProMach, Adhesive Products Inc., Amcor Plc, G3 Enterprises, Jindal Films, Multi-Color Corporation, and ID Technology, LLC.
Some Key Highlights from the Report:
Segments covered in the report:
Equipment Type Outlook (Revenue, USD Billion; 2019-2030)
Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
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Regional Outlook:
Key Questions Addressed in the Report:
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The post Labeler Market Size to Reach USD 55.58 Billion at a CAGR of 4.8% by 2030 | Reports and Data appeared first on Market O Graphics.